Answers to your insurance questions

Definition
An index that reflects the cost per vehicle for a specified coverage’s insurance claims.

Insurance answer
The higher your vehicle is rated then the more you will pay under your Section C (collision, comprehensive or specified perils) coverage. In recent years we have seen some vehicles increase rating even as the vehicles got older. With the insurance companies increasing premiums in this area you can find yourself paying more then you expect.

If you are purchasing a vehicle, even an older model, it is a good idea to check with your broker or agent about the rate you will be paying for the physical damage protection. You don't want to find yourself "Westside Poor" - sitting in your vehicle outside your home and unable to drive it because of the cost of payments and insurance premiums.